Commerce ministry to hold new round of rice auction

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BANGKOK, 30 July 2014 – The Ministry of Commerce is preparing to distribute rice with the auction method in August this year. It has confirmed the rice has good quality and meets standards. Permanent Secretary for Commerce Chutima Boonyapraphatson said the ministry would continue with its plan to distribute 200,000-500,000 tons of rice in government warehouses from August to September 2014. The rice distribution would be delayed during the period when the produce was abundant in order to prevent effects on rice prices in the market, said Ms Chutima. Ms Chutima stated further that she expected that the Department of Foreign Trade would be able to arrange an action for the rice from the beginning of August to September this year. She also confirmed the rice had passed quality inspection and forecast that Thailand would be able to export ten million tons of rice this year.